Monthly Archives: February 2013

Islands in the Sun

Posted on February 22, 2013 by howesdubai

Some believe that there are only about 920k Emirati citizens in a UAE population of an estimated 8.3 million. Of more surprise is the local unemployment rate of 14% and this is why HH Sheikh Mohammed bin Rashid Al Maktoum … Continue reading →

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Number One

Posted on February 19, 2013 by howesdubai

Yet another indicator of the strength of the local economic recovery is the news that Dubai Mall’s sales jumped 24% in 2012 and its footfall was 20% up at 65 million visitors / shoppers. If this is any guide for … Continue reading →

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Let’s Hang On To What We’ve Got

Posted on February 9, 2013 by howesdubai

The week started with HH Sheikh Mohammed bin Rashid Al Maktoum’s directive that work should commence on two major Nakheel developments on Palm Jumeirah. Nakheel Mall, located at the bottom of the trunk, will cost US$ 680 million whilst The … Continue reading →

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Wishin’ and Hopin’

Posted on February 2, 2013 by howesdubai

As the real estate sector is fast returning to its pre-GFC levels, it came as no surprise to hear that Emaar’s latest off-plan development sold out on launch day. All 280 units, available in the 55-storey Downtown Residence Fountain Views, … Continue reading →

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